6 Possible Ways to Get the Cheapest Car Insurance Rates

Share on facebook
Share on twitter
Share on email

Car accidents have been increasing over time, especially in the USA. The United States is among the busiest countries in the world in terms of road traffic, with roughly 284 million operational vehicles. The huge number of traffic is one of the reasons for the high car crash rate in the country. Every year around 12.15 million vehicle crashes take place in the USA only. 

Keeping that in mind, car insurance has become more important than ever. It ensures financial protection whether you have got liability insurance. However, many people don’t know that it’s possible to get very cheap car insurance with no deposit. Yes, you heard it right! 

We interviewed Laura Adams, Insurance & Finance Analyst at BuyAutoInsurance.com to uncover possible ways to get the cheapest car insurance rates. Laura Adams is one of the nation’s leading finance, insurance, and small business authorities, and here are some of her practical ways to get the cheapest car insurance rates possible.

#1: Use car insurance comparison website 

The best way to find the cheapest car insurance rate is by using a car insurance comparison website. There are many sites available, BuyAutoInsurance.com is among the authentic ones where you can not just compare rates of the different car insurance companies but also get quotes from them. 

#2: Pay Attention to local and regional insurance companies

Instead of buying car insurance from the biggest companies in your country, you should target the small, local insurers. These small companies offer better auto insurance rates and have more customer satisfaction as compared to the big companies. 

#3: Improve your credit score

Credit score plays a crucial role in getting car insurance quotes. However, some states like Hawaii, California, Michigan, and Massachusetts don’t permit insurance companies to use credit for the determination of car insurance rates. Yet, there is a good amount of evidence that says a poor credit score increases car insurance rates. 

#4: Consider Skipping the Comprehensive and collision coverage

If you’ve got an old car, then you should consider skipping comprehensive and collision coverage.

  • Comprehensive Coverage: It covers the cost of your vehicle if it gets damaged due to a noncollision accident or natural disaster and in case of theft.
  • Collision Coverage: It covers the repair if you’re hit by another (single car) or an object. 

While buying auto insurance, both of these coverages are optional. The maximum payout amount under both of these policies is limited as per the vehicle’s market value. Older car models have low market value, so it’s better to skip these coverages and save cost on your auto insurance.

#5: Claim your car insurance discounts

Insurance companies offer a variety of auto insurance discounts on the basis of group memberships. You may claim low rates insurance if you’re:

  • Student
  • Veteran 
  • A skilled driver with a clean driving record 
  • Federal employee
  • Paying full 12 or 6 months premium at once
  • Have multiple cars 

That’s not it. There’s a long list of possible discounts. That’s why you should ask the different insurance companies about discounts before buying auto insurance. 

#6: Consider third-party ratings

Buying cheap car insurance may sound very tempting, but that doesn’t mean you should buy it impulsively. Before buying any insurance, you must do research about the insurer. An easy way to do that is by looking at third-party, unbiased ratings. Or you can also visit the Buyautoinsurance.com site to research the different reliable insurance companies and their ratings and make comparisons to choose the one that suits best according to your needs.

Related To This Story

Latest NEWS